Economic Watch: Trade tension hurts U.S. consumers, say firms
GUANGZHOU/SHANGHAI, July 7 (Xinhua) -- Companies from China and the United States are concerned about the impact of trade tensions between the world's top two economies after the United States began imposing a 25-percent additional tariff on Chinese products worth 34 billion U.S. dollars Friday.
China's customs authority announced that additional tariffs for some imports from the United States worth the same amount, including agricultural products, vehicles and aquatic products, also took effect on the same day.